New Hope Handing Out Loans?
By Andrew Richter
Now I don’t know if I’m reading this right but check this out from New Hope’s website;
The New Hope City Council recently approved a contract with Center for Energy and Environment to administer three new home improvement loan programs and a home energy visit program to New Hope homeowners.
Three “new” home loan programs?
The New Hope Revolving Loan Program will provide loans of from $1,500 to $5,000 to finance most interior and exterior home improvements that improve basic livability.
What is the revolving loan program and whose money is this? Also what is “livability?”
The New Hope Interest Subsidy Loan Program provides somewhat larger loans. City funds are used to “buy down” the current Minnesota Housing Finance Agency Community Fix-up Fund interest rate.
Larger loans? Subsidy?
The New Hope Emergency Deferred Loan Program makes loans available to homeowners who have an emergency home improvement need and who do not qualify for other home improvement loan or grant programs.
Why is the city in the loan business? Are they a bank?
The New Hope Home Energy Squad Enhanced Visit Program involves an extensive home energy visit by a qualified CEE inspector, with the homeowner paying only $50 of the visit’s cost.
Home Energy Squad??? Hey it’s only $50 a visit……at least that’s what is charged tot he homeowner. What is the rest of the cost and who is paying that?
For more information about these and other programs visit CEE’s website at mncee.org.
I’ll be sure to race to that website…..
And New Hope if you are going to give out loans then don’t bitch about stupid local government aid!!!!!!